Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs). The Financial Supervisory Commission (FSC) of Taiwan has created a draft of ten guiding principles for the management of virtual currencies in the country. These principles include the enhancement of information disclosure, setting standards for reviewing listing and delisting, and separate custody of customer and platform assets. Additionally, the FSC proposed that overseas crypto platforms that did not have a company registration in Taiwan and did not comply with its anti-money laundering laws should not solicit business in Taiwan or its citizens. The official announcement is expected to come out by the end of September. Earlier this year, FSC chairman Huang Tien-mu announced that the FSC would assume the responsibility of being the primary crypto regulator in Taiwan. The upcoming regulatory framework for crypto will have major policies and rules including the separation of company assets and customer funds.

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Information	Details
Geography	Asia
Countries
Sentiment	neutral
Relevance Score	10
People	IMF, FSB, Murakami, Huang Tien-mu, G20
Companies	Financial Supervisory Commission (FSC), Financial Stability Board (FSB), International Monetary Fund (IMF), Central News Agency, G20
Currencies	None
Securities	None